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2955 Barron Ave - Multi-Family Land 0.91 Acres of Commercial Land Offered at $135,000 in Memphis, TN 38114
Investment Highlights
- Located in a heavy multi-family corridor
- RU-3 Zoning offers Multi-family use
- Sewer/Utilities on property
Executive Summary
Exceptional opportunity to acquire a 0.90-acre multifamily development site in Memphis. Zoned RU-3 (Multifamily Residential), this property is ideally suited for apartment, townhome, or other multifamily residential development. The site previously accommodated a 28-unit garden-style apartment complex, making it an attractive redevelopment opportunity with a proven history of multifamily use.
All major utilities are already available on-site, including MLGW electric, gas, water, and Memphis City Sewer, helping reduce development costs and streamline the construction process. Whether you're looking to build a new apartment community or capitalize on the growing demand for quality housing in Memphis, this property offers an excellent foundation for your next project.
Conveniently located with easy access to major thoroughfares, employment centers, shopping, and dining, 2955 Barron Ave. provides developers and investors with an outstanding opportunity to create much-needed multifamily housing in a well-established area.
Property Facts
| Price | $135,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.91 AC |
| Property Type | Land | ||
| Zoning | RU-3 - Multi-Family Use | ||
| Price | $135,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.91 AC |
| Zoning | RU-3 - Multi-Family Use |
1 Lot Available
Lot
| Price | $135,000 | Lot Size | 0.91 AC |
| Price Per AC | $148,351.65 |
| Price | $135,000 |
| Price Per AC | $148,351.65 |
| Lot Size | 0.91 AC |
Level Lot that use to have multi-family housing units on the property. All utilities and sewer are on the property.
Description
Excellent opportunity to develop a ±0.91-acre multifamily site in an established rental corridor. The property supports development of up to a 12-unit apartment complex, offering an ideal scale for investors and developers seeking strong returns without large-scale project risk. Formerly home to the Barronbrook Apartments, the site has a proven history of multifamily use, providing valuable insight into its viability and demand. Surrounded by numerous existing apartment communities, this location benefits from a built-in rental base and consistent tenant demand.
Contact the Sale Advisor
2955 Barron Ave - Multi-Family Land